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Monday, February 1, 2021
CryptoCurrency News: Coinbase Taps Nasdaq for Direct Listing: Report
The crypto exchange will reportedly join Nasdaq's tech-heavy lineup.
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CoinDesk
CryptoCurrency News: FinCEN’s Wallet Rule Aims to Close Crypto-Cash Reporting Gap, Official Says
FinCEN Deputy Director Michael Mosier encouraged commenters to provide practical, technical feedback on the rule.
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CoinDesk
CryptoCurrency News: Have the Hedge Funds Infiltrated Reddit’s WallStreetBets?
The media keeps saying WallStreetBets is going after silver; WallStreetBets members say it’s a campaign to co-opt and divide them.
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CoinDesk
CryptoCurrency News: Robinhood Can’t Democratize Finance Using Old Tools
Robinhood saw the ire of traders last week because it promised to be different. It turned out to be fancy app on top of an antiquated system.
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CoinDesk
CryptoCurrency News: Robinhood Raises $3.4B Amid Growth Surge
The round is the stock trading app's largest raise ever.
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CoinDesk
CryptoCurrency News: IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources
“There is not really going to be a blockchain team any longer,” said a source.
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CoinDesk
CryptoCurrency News: Blockchain Bites: The ‘Silver Lining’ for Bitcoin
XRP and silver went viral – showing mind-meld market mechanics are still in play – though both hit limits.
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CoinDesk
CryptoCurrency News: Decentralized Exchange Volumes Hit Record Above $50B in January
Uniswap represented over 45% of total DEX volume.
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CoinDesk
CryptoCurrency News: Bitcoin News Roundup for Feb. 1, 2021
With BTC stalling and the price of silver soaring to eight-year highs, CoinDesk’s Market Daily is back with the latest news roundup.
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CoinDesk
CryptoCurrency News: Grayscale Reopens Its Ethereum Trust to Investors
The ether trust had been closed in late December.
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CoinDesk
CryptoCurrency News: Singapore’s SDAX Gets In-Principle Approval to Launch Digital Asset Exchange
SDAX now has in-principle approval from Singapore's central bank for its Recognized Market Operator license.
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CoinDesk
CryptoCurrency News: Switzerland’s Tokenized Securities Law Ushers In New Chapter for Digital Assets
Regulated crypto banks SEBA and Sygnum each issued tokenized securities to mark the occasion.
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CoinDesk
CryptoCurrency News: XRP Pump Fails to Materialize as Price Crashes 40% From Day’s High
The hefty drop comes despite a community buying effort scheduled for this morning.
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CoinDesk
CryptoCurrency News: First Mover: Silver Is the New GameStop as Musk’s #Bitcoin Stalls
As bitcoin trades in a range, traders are studying the "Grayscale premium" and watching traditional markets for clues to the next market move.
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CoinDesk
CryptoCurrency News: Mark Cuban Hails ‘Store of Value Generation’ Taking on Wall Street
Cuban said he believes WSB traders are applying the principles of the crypto world to the stock market.
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CoinDesk
CryptoCurrency News: Fine Wines Become First Tokenized Securities Under New Swiss Blockchain Law
In effect from today, Switzerland's new blockchain law allows Sygnum to freely issue tokenized assets, starting with investable wines.
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CoinDesk
CryptoCurrency News: Crypto Lender Nexo Adds Exchange Service to Its Mobile App
Nexo's new service provides more than 75 cryptocurrency and fiat currency pairs for trading.
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CoinDesk
CryptoCurrency News: Kraken Exchange Brings Its Spot Price Data to DeFi Via New Chainlink Node
Kraken's connection to the Chainlink network allows the exchange to broadcast its price data for use in blockchain-based apps.
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CoinDesk
CryptoCurrency News: US Man Pleads Guilty to Money Laundering Charges Involving $13M in Bitcoin
During a 28-month period, Hugo Mejia illegally exchanged millions of dollars-worth of bitcoin while attempting to hide his activity.
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CoinDesk
CryptoCurrency News: XRP Erases SEC-Led Drop as Supporters Pump Price Over $0.60
XRP has more than reversed the late December drop prompted by an SEC lawsuit against Ripple with a rally to two-month highs.
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CoinDesk
CryptoCurrency News: ‘A Good Thing’: Elon Musk Says He’s a Supporter of Bitcoin
It would be the most "entertaining and ironic outcome" if dogecoin "becomes the currency of earth in the future," Musk also said.
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CoinDesk
CryptoCurrency News: MGM, Winklevoss Twins to Make Movie About Reddit’s GameStop Investors Taking on Wall Street
MGM has acquired the movie rights to a book proposal known as "The Antisocial Network" by New York Times best-selling author Ben Mezrich.
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CoinDesk
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CryptoCurrency News: Announcing the CoinDesk Crypto-Economics Explorer
CoinDesk is pleased to announce the launch of our new data product, the Crypto-Economics Explorer. via CoinDesk
CryptoCurrency News: Top Auction House Christie’s to Accept Ether Cryptocurrency for Digital Art Sale
The sale gives Christie's a chance to "dip its toes" in crypto, said a New York representative. via CoinDesk
CryptoCurrency News: With 18 Million Bitcoins Mined, How Hard Is That 21 Million Limit?
The 18 millionth bitcoin is about to be mined. Though the remaining 3 million will take 120 years to mint, some question the certainty of ...
CryptoCurrency News: Poloniex Crypto Exchange Forced to Roll Back Trades After Update Error
The cryptocurrency exchange – recently acquired by an investment group including Tron – now says its systems are back to normal. via Coi...
CryptoCurrency News: Bull Reversal: Bitcoin Climbs Key Price Hurdle to Target $4K
Bitcoin's price crossed key resistance yesterday, boosting the prospects of a stronger rally above $4,000. via CoinDesk
CryptoCurrency News: Crypto-Jacking Virus Infects 850,000 Servers, Hackers on the Run With Millions
French cybersecurity, officials dubbed 'cyber gendarmes,' announced the disabling of an 850,000 server botnet operating mostly in ...
CryptoCurrency News: Number of People Holding Lots of Bitcoin Surges in Rare ‘Whale-Spawning Season’
The number of bitcoin whales rose to a new record high on Wednesday. via CoinDesk
CryptoCurrency News: India May Side-Step Parliament to Push Through Crypto Bill: Report
The bill would potentially kick off the development of a digital rupee while banning “private cryptocurrencies.” via CoinDesk
CryptoCurrency News: Bitcoin Has Failed But Global Stablecoins a Threat, Say BIS and G7
A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability...
CryptoCurrency News: Facebook Libra Risks to Financial Stability Demand ‘Highest’ Regulatory Standards, Says G7
The G7 group of nations has warned of the threat posed by stablecoins such as Facebook's Libra and set out draft recommendations for r...